AlCircle News Edited By "Rupankar Majumder"
A professional with a technical background, specialising in producing insightful content centred around metals, particularly aluminium, passionately engaged in the intricacies of the recycling sector.
Brazilian aluminium industry to benefit from Equinor's solar power project
Norwegian energy firm Equinor has reached a final investment decision for $430 million in Brazil's 531MW Mendubim solar project. It is a joint venture project between Scatec, Hydro Rein, and Equinor in Rio Grande do Norte. In a 20-year power purchase agreement, Alunorte, one of the world's largest...
Bulgarian aluminium extrusion company Aluplast-ZTG procures a second Nitrex nitriding system
The Bulgarian aluminium extruder, Aluplast-ZTG, an Altest company, recently procured a second Nitrex nitriding system. This results from the extruder gaining a big manufacturing boost after installing new extrusion presses to meet customer demand for its extrusion profiles used in residential and...
Metal Exchange Corporation names Matt Rohm as new CEO
On December 8, 2022, the industry leader in non-ferrous metal trading and manufacturing, Metal Exchange Corporation, announced the name of Matt Rohm, the present President and Chief Operating Officer (COO), will be promoted to Chief Executive Officer (CEO) of Metal Exchange Corporation effective...
Alba wins two major environmental awards from the Green Organization
On November 21, 2022, Aluminium Bahrain B.S.C. (Alba) received two major awards – ‘Gold’ Green World Award and Green World Leader for 2022, from the Green Organisation as announced in the Green Apple Awards ceremony held at the Palace of Westminster, London, UK. Alba's Chief Executive Officer Ali...
OZ Minerals, Boliden, and Rio Tinto collaborate to unlock innovative technologies for sustainable mining procedures
OZ Minerals, Boliden, and Rio Tinto will work together to develop new and innovative tailings management technologies, allowing the mining industry to reduce risk even further while extracting the materials needed for the energy transition from what was previously regarded as "waste." The three...
Russian firms pose a security risk to the country: Swedish Defence Research Agency
According to a report published on December 6, 2022, by the Swedish Defense Research Agency (FOI), Russian corporations pose a threat to the nation's security. There are 128 Russian-owned companies in Sweden, four of which are on the EU sanctions list, while one is on the US and UK blacklists. The...
EU plans to propose sanctions against Russia's mining industry
The European Union's politically independent executive arm, the European Commission, is planning to bring a proposal for a ban on new investments in Russia's mining sector as part of a new package of sanctions for the Russia-Ukraine geopolitical crisis. In accordance with our source, the...
Gravita Togo SAU begins commercial production at its aluminium recycling plant
The commercial manufacturing of aluminium cast alloys has begun at Gravita Togo SAU's new recycling facility, with an annual capacity of about 4,000 MTPA in phase 1. The company expects additional revenue of approximately INR 60 crore per year from the new capacity, with gross margins of roughly...
Sohar International Bank takes part in the official opening ceremony of Sanvira Carbon FZC LLC
Sohar International Bank is committed to driving sustainable growth and supports key national projects that add value to the Sultanate of Oman's economy. Thus, the bank participated in the opening ceremony of Sanvira Carbon FZC LLC (SCL), a large-scale manufacturing project financed by Sohar...
Heesen bags contract for a full-custom 57-metre aluminium yacht
The shipyard's DNA will be fully expressed in Project YN 20857, also known as Project Setteesettanta, which will have distinctive technological and design aspects. One of the few shipyards in the world that specializes in building lightweight aluminium yachts, Heesen was the first to use the...
Russian aluminium boycott will be detrimental to the EU's economy, Rusal warns Varadkar
Leo Varadkar, the deputy prime minister of Ireland, was told by Rusal chief executive Evgenii Nikitin that a boycott of his company's aluminium would have "significant systemic effects" on the European manufacturing sector. Rusal is one of the leading aluminium producers in the world and is the...
SMS Group to provide logistic and storage services for LOTTE's upcoming aluminium foil plant in the USA
On November 29, 2022, the German equipment provider to the metal industry, SMS Group, headquartered in Dusseldorf, announced its cooperation with South Korea’s LOTTE Group. With 150 years of experience, SMS Group is recognized as a future-oriented technology and outstanding service in plant...
Scotland Govt. accounts reveal distressing losses of £350 million from failed ventures; Sanjeev Gupta's Lochaber deal remains a focus
According to the government's official accounts, the Scottish Government spent £350 million on unsuccessful deals and endeavours during the most recent fiscal year. Recent Scottish Government Consolidated Accounts reveal that a significant amount of money was squandered on failed projects despite...
Odisha ranks first in India’s upstream aluminium production and will soon be first in downstream products: Dr TK Chand
A sectoral session on the metal, downstream, and auxiliary industries was held on the Make in Odisha Conclave's second day. More than ten top industry leaders addressed a sizable crowd of business titans, policymakers, investors, and many more. The Minister of Industries, Energy and MSME, Pratap...
Constellium to head the £10 million CirConAl initiative to create recycled aluminium alloys with lower carbon content and cost-effective
On November 2, 2022, Constellium SE announced that it is leading a new consortium of automakers and suppliers to develop lower carbon, lower cost aluminium extrusion alloys. The £10 million CirConAl (Circular and Constant Aluminium) project, funded by a grant from the UK's Advanced Propulsion...
Rising gas prices coupled with Ukraine-Russia geopolitical crisis pose a threat to Limerick Alumina Refining's job security
After talking with company bosses, Niall Collins, the Limerick TD and Minister of State has played down fears of job losses at Aughinish Alumina. According to the company's directors and auditors, the Ukraine-Russia geopolitical conflict and its economic impact are threatening the future viability...
Top Newsmakers for November 2022: LME reported Russian metal will not be barred from trading; Novelis broke the ground on a new $50 million recycling centre in South Korea
The eleventh month of 2022 witnessed eventful happenings in the global aluminium industry, which is different in context from the tradition before the end of the year. In October 2022, the world's oldest and largest market for industrial metals exchange floated a discussion paper on the topic,...
FIMI's pre-budget proposal to the Finance Ministry, abolition of export duties on bauxite
The Indian apex body promoting the interests of all mining companies, the Federation of Indian Mineral Industries (FIMI), has called for the withdrawal of export duties on bauxite, stating that the move will lead to the optimal exploitation of low-grade mineral resources by facilitating the...
